Title 26 — Internal Revenue CodeRelease 119-73not60
§2054 Losses
Title 26 › Subtitle Subtitle B— Estate and Gift Taxes › Chapter 11— ESTATE TAX › Subchapter A— Estates of Citizens or Residents › Part IV— TAXABLE ESTATE › § 2054
Summary
Subtract uninsured losses during settlement from gross estate when computing the tax under section 2001 for casualty or theft.
Full Legal Text
Title 26, §2054
Internal Revenue Code — Source: USLM XML via OLRC
For purposes of the tax imposed by section 2001, the value of the taxable estate shall be determined by deducting from the value of the gross estate losses incurred during the settlement of estates arising from fires, storms, shipwrecks, or other casualties, or from theft, when such losses are not compensated for by insurance or otherwise.
Reference
Citations & Metadata
Citation
26 U.S.C. § 2054
Title 26 — Internal Revenue Code
Last Updated
Apr 5, 2026
Release point: 119-73not60